“America’s pre-eminent investment firm is employing a member of the Chinese government.” That comment, made by tech executive Brian Costello on Steve Bannon’s “War Room” podcast on June 27, reflects the ongoing attention surrounding the recent Sequoia Capital split, following scrutiny of the firm’s ties to the Chinese Communist Party (CCP). The venture-capital giant announced…
IN-DEPTH: Squeezed By East–West Tension, Sequoia Capital Splits
July 2, 2023
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Exposing the Red Elites Behind ‘Chinese Uber’ Didi (Part 3)
Editor’s note: This article is part three of a three-part series. Part 1 looks at Beijing’s crackdown on Didi and introduces the company’s ties to the Chinese military and state-owned businesses. Part 2 looks further into Didi’s ties with China’s business elites, the Chinese military, and Lenovo Group. Chinese investment firm Boyu Capital and its late co-founder Ma…
Chinese Political Conflicts Spread Into Economy
Families of China’s leader Xi Jinping and a rival faction led by former leader Jiang Zemin have been involved in business conflicts, leading to speculation that there are warring factions within the CCP. As a one-party state, the Chinese Communist Party (CCP) monopolizes power in China. The leadership, however, is not monolithic. After taking office,…
China Insider: Boyu Capital Flees to Singapore in Fear of CCP Purge
February 26, 2021
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On Feb. 22, the Wall Street Journal quoted insiders who said that China’s Boyu Capital, a private equity firm founded by former Chinese leader Jiang Zemin’s grandson, Jiang Zhicheng, has moved part of its business from its Hong Kong headquarters to Singapore. Two co-founders of the company have also relocated to Singapore. The transition was…
Boyu Capital Moves Operations Out of Hong Kong Amid Suspected Political Infighting: Report
February 24, 2021
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Boyu Capital, a fund company owned by China’s former leader Jiang Zemin’s family, is moving its business from Hong Kong to Singapore and Shanghai, The Wall Street Journal (WSJ) reported on Feb. 22. Jiang built a faction within the Chinese Communist Party (CCP) centered in Shanghai that controlled Hong Kong and had influence in other regions….
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